BNP PARIBAS ISSUANCE B.V. - Issue of ZAR50,000,000 Index Linked Redemption Notes due 29 June 2022 - ZA118

Issue of ZAR50,000,000 Index Linked Redemption Notes due 29 June 2022 - ZA118

BNP Paribas Issuance B.V
(formerly BNP Paribas Arbitrage Issuance B.V.)

Stock Code: ZA118

ISIN Code: ZAE000243127

Dated: 28 June 2017

Issue of ZAR50,000,000 Index Linked Redemption Notes due 29 June
2022

The JSE Limited has granted a listing to BNP Paribas Issuance
B.V. – ZA118 Index Linked Redemption Notes due 29 June 2022,
under its Note, Warrant and Certificate Programme dated 7 June
2017 (read with the JSE Placement Document dated 1 September
2016) as supplemented from time to time.

Authorised Programme size         Unlimited
Total securities issued           ZAR7,820,081,130


Full Note details are as follows:

Nominal Issued:                   ZAR50,000,000
Issue Price:                      ZAR1,000 per note
Type of Securities:               Index Linked Redemption Notes
Underlying Index:                 BNP Paribas Multi-Asset
                                  Diversified Vol 8 EUR Future
                                  Index
Interest Commencement Date:       Not Applicable
Interest Payment Date:            Not Applicable
Settlement Date:                  29 June 2017
Declaration Date:                 07 June 2022
Last day to trade:                21 June 2022
Ex-Date:                          22 June 2022
Record Date:                      24 June 2022
Maturity Date:                    29 June 2022

Placement Agent:                  BNP Paribas Arbitrage S.N.C.

Settlement will take place electronically in terms of JSE Rules.

For further information on the Securities issued please contact:

Michael Schneider           BNP               Tel:(+33)140 1496 15

Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division

Date: 28/06/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.